Global networking solutions provider Cisco (Nasdaq: CSCO) announced its second quarter results that outpaced market expectations. Cisco is focusing on the hybrid workspace by adding AI capabilities into its existing offerings portfolio.
>>>According to a recent report, the global identity access management market is expected to grow at 12.6% CAGR from 2023 to 2030. The market was estimated at $15.93 billion in 2022. Corporate identity management software company Okta (NASDAQ: OKTA) recently reported its fourth quarter results that continued to outpace market expectations.
>>>Cloud security provider Zscaler (NASDAQ: ZS) recently reported its quarterly performance that outpaced market expectations. Zscaler is seeing delays in the closing of big deals and expects its billings to slow down in the near future. But it continues to grow in the current economic conditions through acquisitions.
>>>Adobe (NASDAQ: ADBE) recently reported its first quarter results that outpaced market expectations. Adobe is also venturing into the AI space with the release of its Generative AI engine – the Firefly.
>>>According to a recent report, the global digital signature market is expected to grow at 35% CAGR to $48.4 billion by 2030. DocuSign (Nasdaq: DOCU) recently announced its fourth quarter results that surpassed market expectations.
>>>Veeva (NYSE: VEEV) recently reported its fourth quarter results that continued to surpass all market expectations. Last December, Veeva had announced plans to shift its CRM platform from Salesforce to Veeva Vault. Analysts are treating the migration as an opportunity for Veeva as it barrels towards its next milestone year.
>>>Salesforce (NYSE: CRM) recently announced its fourth quarter results that continued to surpass market expectations. It is focused on improving its profitability, and like other tech players, announced layoffs. But the better than anticipated results and the strong outlook sent its stock soaring 16% in the after-hours trading session.
>>>The global hybrid cloud market is expected to grow at 20% CAGR to reach $262.4 billion by 2027. Enterprise cloud computing player Nutanix (Nasdaq: NTNX) is cashing in on this growth by expanding its presence in international markets through partnerships and new products.
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